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Target: Exxon »
Posted by: STONERS 2 years, 7 months agoActivist shareholders push salary caps, global warming at annual meeting; customers plan month-long boycott.
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STONERS
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This Story is Archived and Commenting is Closed
Comments: 58
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STONERS
May 31, 2007, 1:53 p.m.Items on the agenda included greater restrictions and oversight of executive pay, goals for reducing greenhouse gases, more investment in renewable energy, and a call to put the company's nondiscrimination policy on sexual orientation into writing.
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BronxBomber
May 31, 2007, 2:19 p.m."Frustrated drivers Consumers, faced with record gasoline prices, have also set their sights on the world's largest publicly traded oil company. Several letters calling for boycotts have reportedly been circulating on the Internet."
I'd say right on! Keep it up! It's actions like these that will make big oil interest's, these robber baron's stand up and take notice. Power to the people!
Thanx Stoners!
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natashas
May 31, 2007, 3:07 p.m.I do not use Exxon Mobil. They would rather pay fines and add money to their pockets then to make a change to help the economy wich they help destroy. I agree Bronx Bomber, I hope these robber baron's stand up and take notice.
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lovermanComment has been removed: User banned.
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engineer
May 31, 2007, 8:33 p.m.In 2005, the oil companies 'earned' $420.00 dollars profit, not sales, for every man, woman and child in the US. What was your contribution? It's about time something was done to them and their immoral execs!
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duke-nuke-em
May 31, 2007, 9:08 p.m.That last time I checked my newspaper America was a freemarket society. I'm tired of hearing people whine about the high cost of gas. Americans want everything right now, and they don't want to have to pay for it. The radical environmentalist's (activist's) haven't let a new refinery to be built in this country for more than 30 years. Wake up people! Haven't you ever heard of supply and demand??
As far as the "activist shareholders" of Exxon are concerned. That is nothing but a dog and pony show. If they are so concerned about Exxon, then why don't they sell all of their shares? If you don't like Exxon, don't buy their product. It's still a semi-free country. Go buy your gas from CitGo. Hugo Chavez needs the money so that he can shut down more opposition TV stations in Venezuela. More government meddling??? I don't think so!
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canadianrancher57
May 31, 2007, 9:55 p.m.I drive a car that was made in the 90's because that is what I can afford, I hate it when people say buy a hybrid, that just isn't in the budget. Most people who are hurt by the high cost aren't the ones driving suv's or fuel pigs of any sort they are ordinary people who have limited finances. As for freemarket, that disappared years ago in many segments of business and continues today, most top executives know that competition hurts them but buy outs work and are easily financed using the new companies equity for security. I don't hate large companies but it bothers me when they are so arogant about things and also seem to have all the politicians in their pokets.
Well that's the rant for today.
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ameliog
May 31, 2007, 10:16 p.m.Reading some of these comments, you'd think that people are taking issue with Exxon simply because they're making money and this is simply wealth-envy at play, or else they hate capitalism so much that they pick on poor little Exxon.
I submit that there are others who see dangers in excessive wealth as a matter of faith, a spiritual thing. They believe words in a book held in highest regard by millions of like-minded people in this country. Words such as "It is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God", and "You can't worship God and Money both". I know lots of people discount this book and these words as just superstition, but as I say, millions take spiritual matters very seriously and believe that seeking after wealth can tempt and endanger one's soul, and these beliefs don't fit into convenient stereotypes of "socialist", "capitalism hater", and other equally empty rhetoric.
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ETproductions
June 1, 2007, 12:34 a.m.The tide is rising. It's not a majority of shareholders yet. But what will they do to Exxon management when their fine beach-front properties get flooded by rising sea levels? What will they do when ever larger super storms wreak havoc all over the world? What will they do when we reach the tipping point that NASA Scientists now say may be no more than 10 years away?
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greeneyes
June 1, 2007, 2:58 a.m.This is fabulous. I only wish all shareholders for all corporations in the US and around the world would do the same. The rich just keep gettig richer, no morality exists, and corporations should all be put to task. It is time we take our country back from the bastards!
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sixshot
June 1, 2007, 6:23 a.m.a lot of gas stations in australia are company owend i wonder how many are in the us just a thought?
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arcrftmech16
June 1, 2007, 6:29 a.m.If we the people could get an embargo on all US oil companies to stop exporting oil from the US these so called oil crises smoke screens would help the american people. Much of the US oil is exported and imported oil is bought to replace what these oil companies are selling on the world market. The profit and incentive is in place for oil companies to export US oil. There are no guarantees or laws or requirements that any oil from the US oil fields remain in the US. The cheaper US oil brings outreagous profits as the profit on the world market resell is high. As an example, US oil companies cost for drilling and pumping may be $20 a barrel and can be sold for $60 a barrel on the world market. If this oil stayed in the US and refined they could only gain on the $20 a barrel oil. What ever the cost of imported oil doesn't matter as they just pass this cost on to the consumer while making $40 a barrel on the US oil they are selling. This crisis is a smoke screen to drill, scam, and sell.
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HMMace
June 1, 2007, 8:23 a.m.if Bush did not make money from oil--we might have caps on the price of oil..but, Bush is just another war-profiteer..as is his veep, Cheny...--NEVER RE ELECT ANY POLITICIAN--EVER...
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evelyna
June 1, 2007, 9:53 a.m.I do not think sky should be the limit when it comes to necessities like heating, gas, water, food and medical care.
I also think executive pay is way out of line. For the gov. to think holding the line on labor is ethical while certain people can make money to the moon is ridiculous.
If this is a free market-the executives and ceos are taking money away met for the shareholders. Unjustifiable! Much like the credit card companies who feel they can make a fortune doing nothing. Where can I find a job like that I can start tommorrow.
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concetto
June 1, 2007, 10:23 a.m.How much profit is enough for these oil companies? And how can we truley influence what they charge. Competitions is minimal and these companies play ball with each other. Having worked for one of them, I believe the only way to influence what they charge for gasolene is to boycott one them. One that owns its gas stations so that we don't hurst the gas station operators, like a Hess. My idea is to set a price level , say 2.50/gal, and then boycott Hess until Hess drops its, price to that level. When the do, boycott another oil company until it drops its price to $2.25/Gal.
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DrWatson
June 1, 2007, 10:36 a.m.I wouldn't worry about this.....they WILL comply sooner or later, whether they like it or not.
Soon as` they see the PROFIT potential of alternative fuels.
Just another stupid game they play....for now.
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schillinfl1
June 1, 2007, 10:42 a.m.What's so brave about these shareholders? They hate the company but hold the stock. Sounds a little hypocritical to me.
Bravery to me would be for them to sell the stock. They aren't moral enough to do that.
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0gramstransfat
June 1, 2007, 10:44 a.m."ExxonMobil has been left behind in protecting their LGBT employees as industry competitors Amerada Hess, BP, ChevronTexaco, ConocoPhillips, Shell and Sunoco have all drafted policies doing so; ExxonMobil is also the only Fortune 50 company that has failed to write sexual orientation protections into its primary nondiscrimination policy... nearly 38 percent of ExxonMobil shareholders voted at an annual meeting May 30 in Dallas to bar discrimination to its employees... While it is heartening that a number of shareholders agree that ExxonMobil must take steps to provide equal protections for all employees, it is extremely troubling and downright unacceptable that ExxonMobil has strongly resisted the call..." (from a planetout.com story: http://planetout.com/news/article.html?date=200... )
Corporate America... the jewel of the American Government.
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getreal1
June 1, 2007, 12:08 p.m.They can cut those oil wells off right before each Storm and save some money. They also get insurance for property damage. Never pay the same bill twice.
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